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...Disney and the state of Florida have settled a lawsuit over the governance of the company’s Orlando theme parks spawned by last year’s takeover of the district’s board by Ron DeSantis, the state’s governor...
...Though the parks business is immensely important to Disney’s film business — theme park attractions deepen fans’ connections to characters and franchises — it is viewed as a separate universe from the movie...
...Jeff Vahle, president of Walt Disney World Resort, said the company was “pleased to put an end to all litigation pending in state court in Florida”....
...The theme parks are performing strongly and he credited Iger with reducing Disney’s exposure to India by merging its local film and TV business with Mukesh Ambani’s Reliance Industries in February....
...Walt Disney chief executive Bob Iger has won the backing of influential proxy adviser Glass Lewis in his battle against billionaire activist Nelson Peltz, with the group unconvinced that the latter’s plans...
...Walt Disney handily beat Wall Street’s expectations in its latest quarterly earnings and unveiled shareholder-friendly measures including a $3bn share buyback and a 50 per cent dividend increase, as it prepares...
...About a third of Disney’s shareholder base is composed of individuals — many of whom are enthusiasts of its theme parks and characters....
...The valuation multiple now ascribed to ESPN may be too low for Disney’s business, which includes theme parks and the movie studio....
...Under DeSantis’ instructions, the Florida state legislature dissolved the special taxation district Disney had operated around its Orlando theme parks for decades....
...Morfit described Disney as “the world’s leading entertainment company”, adding it had “the best intellectual property, sports brand and parks and experiences assets in the industry”....
...But those don’t address the longer-term problem of lacklustre franchises, quieter theme parks and the end of television. If Disney wants a radical change it needs to consider sales....
...Disney had enjoyed unusual privileges in Florida for decades through the special taxation district, which had been created after a lobbying effort by Walt and Roy Disney in the 1960s....
...He joined Disney in 1986 and was named president of its parks and resorts business in 2002. He served as chief financial officer from 2010 until he resigned in 2015....
...That explains the lukewarm reception the House of Mouse received after it announced its intention to spend $60bn expanding theme parks, cruise lines and resorts over the next decade....
...Walt Disney was adamant: there had to be a castle that would act as a focal and orientation point....
...The theatrical release/DVD/cable TV/broadcast TV/theme park cycle gave Disney multiple ways to turn intellectual property (characters, essentially) into money....
...Bob Iger, who returned as Disney chief executive last year, and the board of the theme park group have come under fire from investors and governance experts for poor succession planning....
...Linear television channels “may not be core to Disney”, Iger told CNBC, speaking from the ski resort town....
...film studios and stoking growth at its theme parks....
...Walt Disney reported stronger than expected earnings for its most recent quarter and forecast that it would cut another $2bn from its cost base while generating higher levels of cash in the coming year....
...However, he later backtracked and said he was planning to hold on to Hulu and integrate it within the Disney+ streaming service....
...analyst and lawyer brother go on trial for insider dealing (FT) Vail agrees to buy Switzerland’s Crans-Montana ski resort in $136mn deal (FT) Occidental Petroleum emerges as lead contender to buy CrownRock...
...In February, Walt Disney chief executive Bob Iger surprised employees and investors by saying “everything is on the table” regarding the future of Hulu, adding that its content was “undifferentiated”....
...Disney said it would double spending on theme parks, resorts and cruise lines to $60bn over the next decade, sending shares lower despite a boost to the business segment that has driven profits over the...
...For years, Disney and Comcast have been locked in a battle over Hulu....
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